Home Business Intel to Repurchase Apollo Stake in Ireland Factory for $14.2 billion

Intel to Repurchase Apollo Stake in Ireland Factory for $14.2 billion

Share
intel-to-repurchase-apollo-stake-in-ireland-factory-for-$14.2-billion
Intel to Repurchase Apollo Stake in Ireland Factory for $14.2 billion
Share

The repurchase will be funded through a mix of cash and $6.5 billion in new debt issuances, giving full ownership of the manufacturing facility again.The Intel logo is displayed outside the Intel headquarters in Santa Clara, Calif., on July 26, 2025. Gary Wang/The Epoch Times4/2/2026|Updated: 4/2/2026Santa Clara-based chip manufacturer Intel has agreed to buy back Apollo’s 49 percent stake in Intel’s Fab 34 chip manufacturing facility in Ireland for $14.2 billion on Wednesday.This comes after Apollo led an $11.2 billion investment to acquire the equity through a joint venture entity in 2024.

Share
Related Articles
eqt-to-buy-range-resources,-creating-largest-us-natural-gas-producer
BusinessCompaniesEnergy

EQT to Buy Range Resources, Creating Largest US Natural Gas Producer

EQT Corp. has agreed to acquire rival Appalachian shale driller Range Resources...

wall-street-is-very-nervousshould-you-worry?-can-you-repair-your-losses?
BrightBusinessInvestingPersonal FinanceStocks

Wall Street Is Very NervousShould You Worry? Can You Repair Your Losses?

On Oct. 23, the Dow Jones Industrial Average fell 652.82 points, or...

nearly-3-in-10-new-car-trade-ins-are-underwater,-edmunds-finds
BusinessMarkets

Nearly 3 in 10 New-Car Trade-Ins Are Underwater, Edmunds Finds

Almost three in 10 vehicles traded toward a new car are worth...